TJX Companies (TJX) FY2017 results: revenue $33.2 billion, up 7.2% on the year
TJX Companies Inc. (TJX) reported revenue of $33.2 billion for fiscal 2017, the year ended 28 January 2017, up 7.2% on the year before. Net income was $2.3 billion, up 0.9%, and diluted earnings per share $1.73. The figures are the company's own, from the 10-K it filed with the SEC on 28 March 2017.
Revenue
$33.2 billion
+7.2% on the year
FY2010FY2017
Operating margin
12.8%
13.3% a year earlier
FY2010FY2017
Net income
$2.3 billion
+0.9% on the year
FY2010FY2017
Diluted EPS
$1.73
+3.9% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
33,184
30,945
29,078
+7.2%
Cost of revenue
23,566
n/a
n/a
Gross profit
9,618
n/a
n/a
Gross margin
29.0%
n/a
n/a
Selling, general and administrative
5,768
5,206
4,695
+10.8%
Operating income
4,258
4,100
3,931
+3.8%
Operating margin
12.8%
13.3%
13.5%
Interest expense
69.2
68.3
64.8
+1.4%
Pre-tax income
3,723
3,658
3,550
+1.8%
Income tax
1,425
1,381
1,335
+3.2%
Effective tax rate
38.3%
37.7%
37.6%
Net income
2,298
2,278
2,215
+0.9%
Net margin
6.9%
7.4%
7.6%
Diluted EPS
$1.73
$1.67
$1.57
+3.9%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
3,627
2,957
3,008
+22.7%
Capital expenditure
1,025
889
912
+15.2%
Free cash flow
2,602
2,068
2,097
+25.9%
Free cash flow margin
7.8%
6.7%
7.2%
Cash from investing
-1,215
n/a
n/a
Cash from financing
-1,587
n/a
n/a
Depreciation and amortisation
659
617
589
+6.8%
Share-based compensation
102
94.1
88.0
+8.7%
Buybacks
1,700
1,828
1,651
-7.0%
Dividends paid
651
544
466
+19.6%
Dividend per share
$0.52
$0.42
$0.35
+23.8%
Diluted shares, weighted
1,329m
1,367m
1,407m
-2.8%
Shares outstanding at period end
1,293m
1,327m
1,369m
-2.6%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
4,511
4,307
4,264
+4.7%
Debt
2,228
1,620
1,615
+37.5%
Other liabilities
6,146
5,572
5,110
+10.3%
Total liabilities and equity
12,884
11,499
10,989
+12.0%
Fixed assets
4,533
4,138
3,868
+9.6%
Goodwill
196
194
169
+1.0%
Investments
543
352
283
+54.2%
Cash and equivalents
2,930
2,095
2,494
+39.8%
Receivables
259
238
214
+8.7%
Inventory
3,645
3,695
3,218
-1.4%
Other assets
778
787
732
-1.1%
Total assets
12,884
11,499
10,978
+12.0%
10-K for the year ended 28 January 2017, filed 28 March 2017: the filing.